business operations

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    Management

    Implementing Decentralization: A Strategic Roadmap for Utilities

    As traditional utilities embrace decentralization, the journey requires more than just adopting new field technologies. According to McKinsey’s Global Energy Perspective 2024 report, the global energy transition is entering a new phase of rising costs, complexity, and increased technology challenges. This transition requires not only technological solutions, but also a comprehensive strategy. McKinsey notes that significant […]

  • This image shows Sudair Solar PV, a $924 million project poised to become one of the largest single-contracted solar PV plants in the world and the largest of its kind in Saudi Arabia at an installed capacity of ~1,500 MW when it comes online, expected in 2024. The first project under The Public Investment Fund’s (PIF) renewable energy program, the project has recorded the second lowest cost globally for solar PV electricity production ($1.239 cents/kWh). ACWA Power led the PIF-backed development consortium, which signed a power purchase agreement with the Saudi Power Procurement Company for 25 years. Courtesy: ACWA Power
    Interview

    ACWA Power: Crossroads for Exponential Growth in Power and Water 

    In 2002, the government of Saudi Arabia moved to step up the private sector’s role in the kingdom’s economy by opening the production of power and desalinated water. Saudi firms Abunayyan Trading Co., Abdulkadir Al Muhaidib & Sons Co., and MADA Group for Industrial and Commercial Development sensed a tremendous opportunity, forming ACWA Power Projects […]